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Test: Performance Of Contract- 2 - CA Foundation MCQ


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30 Questions MCQ Test Business Laws for CA Foundation - Test: Performance Of Contract- 2

Test: Performance Of Contract- 2 for CA Foundation 2024 is part of Business Laws for CA Foundation preparation. The Test: Performance Of Contract- 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Performance Of Contract- 2 MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Performance Of Contract- 2 below.
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Test: Performance Of Contract- 2 - Question 1

 A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?

Test: Performance Of Contract- 2 - Question 2

 In case of default by joint promisors, the promisee: 

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Test: Performance Of Contract- 2 - Question 3

 Discharge by mutual agreement may involve ___________:

Test: Performance Of Contract- 2 - Question 4

Commercial Impossibility does not make the contract _________.

Test: Performance Of Contract- 2 - Question 5

 Rescission of a voidable contract is communicated and revoked in the same manner as the communication of revocation of : 

Test: Performance Of Contract- 2 - Question 6

When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then : 

Test: Performance Of Contract- 2 - Question 7

If time is the essence of a contract and the promisor fails to perform the contract by the specified time. The contract: 

Test: Performance Of Contract- 2 - Question 8

R contracts to sell his car to S for Rs. 7 Lacs and S agrees to pay on delivery. Once the car is delivered to S and S pays Rs. 7 Lacs, Contract comes to an end. This is called: 

Test: Performance Of Contract- 2 - Question 9

Reasonable time for performance of contract is a : 

Test: Performance Of Contract- 2 - Question 10

W, a singer enters into a contract with M, the manager of a theatre, to sing at his threatre for two nights in every week during the next two months and M engages to pay her Rs. 5 Lacs for each night’s performance. On the 7th night, W willfully absents herself from the theatre :

Test: Performance Of Contract- 2 - Question 11

 If a new contract is substituted in place of an existing contract is called :

Test: Performance Of Contract- 2 - Question 12

A enters into a contract with B for dancing at his theatre for three nights for a fee of Rs. 2,00,000. A dances for two nights and is faller ill. What remedy is available to B?

Test: Performance Of Contract- 2 - Question 13

 Whether time is the essence of the contract depends on the :

Test: Performance Of Contract- 2 - Question 14

The right of joint promises to demand performance is: 

Test: Performance Of Contract- 2 - Question 15

 X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads: 
(i) As to Rs. 2,000 that it was time barred, and 
(ii) As to Rs. 2,500 a part payment of Rs. 1,000 

Test: Performance Of Contract- 2 - Question 16

A contract entered between promiser and promise becomes impossible to perform due to the destruction of the subject matter. In this case

Test: Performance Of Contract- 2 - Question 17

 In a contract where personal consideration is not the foundation of the contract, the contract may be performed by:

Test: Performance Of Contract- 2 - Question 18

 X contract with Y to sell his imported car for Rs. 50,000. Later on both the parties decide not be honour the deal. This is a case of discharge of contract by 

Test: Performance Of Contract- 2 - Question 19

 If time is the essence of a contract and it is not performed within specified time then______

Test: Performance Of Contract- 2 - Question 20

“Novation” means ________

Test: Performance Of Contract- 2 - Question 21

 Commercial Impossibility does not make the contract _________.

Test: Performance Of Contract- 2 - Question 22

X paid to Y Rs. 7, 00,000 for purchases of a flat. Y promised to give possession of the flat after one year. Y’s promise to give the possession is:

Test: Performance Of Contract- 2 - Question 23

 Impossibility existing subsequent to the formation of contract is called_____________.

Test: Performance Of Contract- 2 - Question 24

Brown promises to sell his house to Crown for Rs. 20,00,000. Later on both of them agreed not to execute the deal; this is known as:-

Test: Performance Of Contract- 2 - Question 25

Supervening impossibility is related to:-

Test: Performance Of Contract- 2 - Question 26

Contract can be discharged by:

Test: Performance Of Contract- 2 - Question 27

___________ of a Contract taken place when all or some of the terms of the contract are cancelled.

Detailed Solution for Test: Performance Of Contract- 2 - Question 27

Rescission in contract law refers to the termination or cancellation of a contract. The word rescission comes from the word “rescind” which means to cancel or annul. The purpose of contract rescission is to restore the parties to their original status before the contract was made.

Test: Performance Of Contract- 2 - Question 28

 Amar promises to paint a picture for Rambabu. Here, the promise must be performed by Amar himself because the Contract ________

Test: Performance Of Contract- 2 - Question 29

 Where the performance of a promise by one party depends on the prior performance of promise by the other party such reciprocal promises fall under the category. 

Test: Performance Of Contract- 2 - Question 30

 If a new contract is substituted in place of an existing contract is called :

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